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What this turkey is doing is akin to "house flippers", who buy rundown houses and paint them and then jack up the price $50K or so.
The average profit on a used car that a dealer pays $5000 for is another $5000. New cars have a much lower percentage of profit.
I watched my poor father buy car after car from dealers, getting diddled time after time, just because he didn't couldn't pay cash and didn't want to borrow money on his own signature. He bought cars with odometers run back and even an ex cop squad car, a Chevy with a hole for the cherrytop poorly patched on the roof.
Eventually, he got prosperous enough to pay cash and bought cars from individuals, and was amazed at how much longer they lasted.
I made my last car payment in 1971 and will never make another.
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Semibodacious Transmogrifications a Specialty
1990 300D 2.5 Turbo sedan 171K (Rudolf)
1985 300D Turbo TD Wagon 219K (Remuda)
"Time flies like and arrow, yet fruit flies like a banana"
---Marx (Groucho)
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